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The Latest Breaking News from Jim Chalmers

Unions, business at loggerheads over four-day work week

Business groups are resisting a union push for a shorter working week as ideas to boost Australia's productivity are debated ahead of a roundtable.

AAP

Why the working week – and what we get out of it – has perplexed Australian governments for more than 100 years

On August 19, a group of advocates and experts will converge on Canberra for an economic roundtable. “Productivity,” announced Treasurer Jim Chalmers, is to be the event’s “primary focus”.

The Conversation

Afternoon Update: Reserve Bank decision; Julie Bishop accused of bullying in Senate inquiry; and Swifties celebrate

Jim Chalmers says the rate cut is ‘very welcome relief for millions of Australians’

The Guardian - AU

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Stop the free ride: all motorists should pay their way, whatever vehicle they drive

A new road charge is looming for electric vehicle drivers, amid reports Treasurer Jim Chalmers is accelerating the policy as part of a broader tax-reform push.

The Conversation

Unions push back on productivity plan for schools, jobs

Fresh fault lines have formed in the lead up to the government's reform roundtable as unions reject productivity proposals welcomed by businesses.

AAP

'Don't slam brakes on EVs': sparks fly over fee push

The federal treasurer is being urged to adopt user charges for electric cars to help pay for road maintenance and the roll out of charging infrastructure .

AAP

No one holds the government to account on spending. We need a budget watchdog that can bite

Treasurer Jim Chalmers has made budget sustainability one of the key pillars of the reform roundtable to be held next week.

The Conversation

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'Better lives' urged as goal from productivity push

Bold tax reform, faster clean energy consents and rethinking care sector productivity should be the focus of the treasurer's economic summit, a think tank says.

AAP

Rethink on rules for everyday items could spur economy

Australia could ease business burdens and save consumers billions every year by ensuring requirements for everyday products align with international standards.

AAP

Grattan on Friday: Anthony Albanese marches cautiously towards Palestinian recognition

Treasurer Jim Chalmers has been putting it succinctly, declaring it’s a question of when, not if, Australia recognises Palestine as a state.

The Conversation

Students strike for Palestine – as it happened

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The Guardian - AU

ASX faces listing competitor after damaging TPG blunder

Financial regulator ASIC is considering approving an ASX rival to launch a competitor listing market, which the treasurer hopes will boost investment.

AAP

Embattled ASX set to face beefed-up competition, in bid to boost investment

The Australian Securities and Investments Commission is set to boost the competition faced by the much-criticised ASX in an effort to clear roadblocks for investors and attract more foreign capital to Australia.

The Conversation

View from The Hill: Can Chalmers extract a serious deregulation agenda from reform roundtable?

Treasurer Jim Chalmers has three challenges with his economic reform roundtable, which is all about how to improve Australia’s productivity, budget sustainability and economic resilience.

The Conversation

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AAP

Climate ratings could spare buyers from risky homes

Star ratings for resilience and winding back electric car incentives have been flagged by the Productivity Commission in its pursuit of climate cost savings.

AAP

Business lobby rejects proposed company tax overhaul

The corporate sector is rallying against calls for a new cashflow tax for businesses, while small companies would have their rate cut under the reforms.

The Guardian - AU

Productivity Commission proposes biggest company tax rate cut in 40 years

A 20% cut for small and medium businesses put forward as part of commission’s report on how to create more dynamic and resilient economy

AAP

Point of starvation spurs statehood push for Palestine

Australia recognising Palestinian statehood is only a matter of time, the treasurer says, as an expert warns starvation has reached a tipping point in Gaza.

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The Guardian - AU

The politics of falling inflation has been clear – lower is better. But Australia should beware its flip side: slow growth

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

The Conversation

Inflation slows again — but is it enough for the Reserve Bank to cut interest rates?

Inflation is moving in the right direction, but new figures released today may not be soft enough to trigger a cut in official interest rates in August.

The Guardian - AU

If the economics of broadening or lifting Australia’s GST are challenging, the politics are horrendous

Labor is fundamentally opposed to changing the tax on consumption on the basis it hurts poorer Australians. And the worry about fairness is real

AAP

Workers could be $14,000 ahead under a growth mindset

Australia's productivity tsar says Australian workers would be $14,000 better off each year in the long run if the nation treads the right path on reform.

The Conversation

View from The Hill: How much can Jim Chalmers get out of the economic reform roundtable?

We’re now less than a month away from the start of the Albanese government’s “economic reform” (aka “productivity”) roundtable, but it has become quite hard to get a fix on exactly what this gathering will amount to.

The Conversation

Federal election feel like ages ago? Parliament is now back. Here’s your political refresher

Despite many pre-election predictions, the 48th Australian parliament looks quite similar to the 47th. The Labor Party has greater representation than before: 94 Members of the House of Representatives (up from 77) and 29 Senators (up from 26).

AAP

Peek into surprise RBA decision as rate cut on cards

Borrowers are hoping for clarity on the Reserve Bank's next moves as an unexpected jump in unemployment firms the case for an interest rate cut.

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